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New York Times: Americans Aren’t Saving Enough for Retirement, but One Change Could Help

“Here is something every non-rich American family should know: The odds are that you will run out of money in retirement.

“On average, a typical working family in the anteroom of retirement — headed by somebody 55 to 64 years old — has only about $104,000 in retirement savings, according to the Federal Reserve’s Survey of Consumer Finances.

“That’s not nearly enough. And the situation will only grow worse.